660.46 – Substitution of Fiduciaries.
660.46 Substitution of fiduciaries.— (1) The provisions of this section shall apply to the transfer of fiduciary accounts by substitution, and for those purposes these provisions shall constitute alternative procedures to those provided or required by any other provisions of law relating to the transfer of fiduciary accounts or the substitution of persons acting or who are […]
660.47 – Surrender of Fiduciary Powers.
660.47 Surrender of fiduciary powers.—Any state bank or association which has been granted trust powers and which desires to surrender such rights shall file with the office a certified copy of the resolution of its board of directors signifying such desire. Upon receipt of such resolution, the office shall make an investigation, and when it is […]
660.48 – Receivership or Voluntary Liquidation.
660.48 Receivership or voluntary liquidation.— (1) If a liquidator or receiver is appointed for a trust company or a state bank or association having a trust department, the liquidator or receiver shall, pursuant to the instructions of the office and the orders of any court and the federal regulatory agency having jurisdiction, proceed to close such fiduciary […]
662.10 – Short Title.
662.10 Short title.—This chapter may be cited as the “Florida Family Trust Company Act.” History.—s. 3, ch. 2014-97.
662.102 – Purposes; Findings.
662.102 Purposes; findings.—The purposes of the Family Trust Company Act are to establish requirements for licensing family trust companies, to regulate persons who provide fiduciary services to family members of no more than two families and their related interests as a family trust company, and to establish the degree of regulatory oversight required of the Office […]
662.111 – Definitions.
662.111 Definitions.—As used in this chapter, the term: (1) “Applicant” means the corporation or limited liability company on whose behalf an application for a license to operate as a licensed family trust company is submitted under s. 662.121. (2) “Authorized representative” means an officer or director of a family trust company, licensed family trust company, or foreign licensed […]
662.112 – Degrees of Kinship.
662.112 Degrees of kinship.—Degrees of kinship shall be calculated by adding the number of steps from a designated relative through each person to the family member, directly in the case of lineal kinship, or through the common ancestor in the case of collateral kinship. History.—s. 6, ch. 2014-97.
660.41 – Corporations; Certain Fiduciary Functions Prohibited.
660.41 Corporations; certain fiduciary functions prohibited.—All corporations are prohibited from exercising any of the powers or duties and from acting in any of the capacities, within this state, as follows: (1) As personal representative of the estate of any decedent, whether such decedent was a resident of this state or not, and whether the administration of the […]
662.113 – Applicability of Other Chapters of the Financial Institutions Codes.
662.113 Applicability of other chapters of the financial institutions codes.—If a family trust company, licensed family trust company, or foreign licensed family trust company limits its activities to the activities authorized under this chapter, the provisions of other chapters of the financial institutions codes do not apply to the trust company unless otherwise expressly provided in […]
660.415 – Investment by Trust Companies, Trust Departments, Trustees, and Fiduciaries.
660.415 Investment by trust companies, trust departments, trustees, and fiduciaries.—In the absence of an express provision to the contrary, when a governing instrument directs, requires, authorizes, or permits investment in United States Government obligations, a trust company, trust department, trustee, or other fiduciary may invest in such obligations, either directly or in the form of securities […]